Endorsement: Andrew Sorkin on Ray Dalio’s book Principles: Life and Work, “I was surprisingly moved by it. I found it to be remarkably engaging. It made me think about life and how we all deal with each other in pretty profound ways.” (Dealbook)
Quote of the Day
"Ultimately, most of the cryptocurrencies will go out at zero. Don’t say I didn’t warn you."
(David Merkel)
Markets
- Stock market indices don't necessarily hit their peaks all at once. (wsj.com)
- Markets are uniquely worried about the debt ceiling issue this time around. (econbrowser.com)
- Stocks are uniquely uncorrelated at the moment. (topdowncharts.com)
Strategy
- 36 obvious investment truths. (awealthofcommonsense.com)
- There is a difference between 'topping up' and 'doubling down.' (marketfox.org)
Offers
- Ray Dalio's new book "Principles: Life and Work" is about a whole lot more than investing. (amazon.com)
- Buy three Echo Dot devices and receive $20 off your order with the code DOT3PACK. (amazon.com)
- Why don’t you read more? No time, right? Try the Blinkist app! Read or listen to the key insights from the best nonfiction books in a matter of minutes! (blinkist.com)
Companies
- There is a difference between company values and culture. (mastersinvest.com)
- Why we love to study successes, not failures. (ft.com)
Finance
Fund management
- How a manager's personality affects her invest style. (beta.morningstar.com)
- Hedges are expensive. Reducing your initial exposure isn't. (thereformedbroker.com)
- Managers get hired (and fired) all the time. (ericcinnamond.com)
Economy
- US inflation continues to defy the Fed's expectations. (economistsview.typepad.com)
- Why do US companies pay so little in taxes? (bloomberg.com)
- How closely is your state tied to Canada? (visualcapitalist.com)
Earlier on Abnormal Returns
- Research links: black swan break-evens. (abnormalreturns.com)
- How Claude Shannon, father of information theory, invested his money successfully. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- ETF links: supercharged ESG. (abnormalreturns.com)
